Beacon India To Raise $250M PE Fund

Beacon India Private Equityis seeking to raise its second fund with a target of $250 million,VC Circlereports. The Mumbai-based private equity firm is seeking to hold a first close of the fund at $75 million by the end of 2011.

The new fund comes five years after the firm’s first offering, theBeacon India Private Equity Fund. The $200 million mid-market growth capital fund has made 10 investments primarily across consumer, financial services and infrastructure services sectors.

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